Two-Unit Duplex with Detached
For Sale
$560,000
270 Goldsmith Ave, Newark, NJ 07112
Both apartments are tenant occupied on month-to-month terms, with driveway parking and a backyard.
Property Size2,380 SF
Price / SF$235.29
Days on Market31
Property Features for 270 Goldsmith Ave
General Information
Standard status
Active
Size
2,380 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Site & Location
Neighborhood
Weequahic
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR + attic
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
updated kitchen
updated bath
finished attic space
unfinished basement
driveway
detached garage
backyard
Building Details
Building Size
2,380 SF
Year Built
1962
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Prosperity Realty
Listed By:
Marilyn Rey · License #1971261
(973) 696-0077
Source:
Culturaunitedrealty
Added: Sep 24
Changed: Oct 23
Last Checked: Oct 23 at 4:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Prosperity Realty
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Investment Insights
Based on property information with market context.
This 2,380-square-foot duplex, built in 1962, contains two apartments. The first-floor residence has two bedrooms and one bathroom, with updated kitchen and bath finishes. Upstairs, the second unit includes two bedrooms and finished attic space. An unfinished basement provides storage, and the property also has a detached garage, driveway, and backyard.
Both units are occupied by tenants under month-to-month terms. The home is in Newark, near transportation, shopping, and local amenities.
Both units are occupied by tenants under month-to-month terms. The home is in Newark, near transportation, shopping, and local amenities.
Key Highlights
- Two apartments, each with two bedrooms
- First‑floor unit includes one bathroom and updated kitchen and bath
- Second‑floor apartment has finished attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,332
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
$806.6K
Cap Rate 7%
$576,171
$576.2K
Cap Rate 9%
$448,133
$448.1K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$60.5K $25.44/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$57.6K $24.21/SF
− OpEx
−$17.3K −$7.26/SF
NOI
$40.3K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
Cap Rate 7%
$576,171
Cap Rate 9%
$448,133
Alternative Uses
Best Use
Multifamily LT 5
$576.2K
$504.2K – $672.2K
NOI $40,332 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$526.0K
$460.3K – $613.7K
NOI $36,820 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$843.3K
$737.9K – $983.8K
NOI $59,029 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant occupied on month-to-month terms, with driveway parking and a backyard.
Where is this duplex located?
The property is located at 270 Goldsmith Ave Newark, NJ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; First‑floor unit includes one bathroom and updated kitchen and bath; Second‑floor apartment has finished attic space
